Archive · 29 Nov 2025
Altice International Restructures, Raises Debt to Stabilize Finances
Altice International, a big telecom company, has moved two of its units in Portugal and the Dominican Republic out of the control of its lenders.
This means these units can now borrow money, sell things, or pay dividends without asking the lenders for permission.
One of these units in Portugal raised €750 million to pay off some of the company's debts and for general expenses.
The company might also raise an additional €2 billion in debt.
Altice is doing this to manage its large debt of €8.7 billion.
The company's earnings dropped by 12.1% compared to last year, but its revenue grew by 4.2%.
The company's bonds became less valuable after this announcement.
Altice is also looking at selling some of its assets to improve its financial situation.
Altice International moved two units (Portugal and Dominican Republic) out of lenders' control, allowing them to raise debt and sell assets independently.
Altice Portugal raised €750 million in new debt to pay upcoming liabilities and for working capital.
The company may raise an additional €2 billion in debt to bolster liquidity.
Altice International has €8.7 billion in net liabilities and is exploring asset disposals to manage its debt.
The company's third-quarter earnings dropped by 12.1% year-on-year, while revenues grew by 4.2%.
- Who
- Altice International, a telecommunications provider
- What
- Restructured assets and raised new debt
- When
- Announced on Friday
- Where
- Portugal and the Dominican Republic
- Why
- To stabilize finances and manage debt
- Company
- Altice International
- Action
- Restructured assets, raised debt
- Amount Raised
- €750 million
- Potential Additional Debt
- €2 billion
- Net Liabilities
- €8.7 billion
- Earnings Drop
- 12.1% year-on-year
- Revenue Growth
- 4.2% year-on-year
- Bond Impact
- Down over 7 cents to below 67 cents on the dollar